Open trading account 
Its been a while since I participiated at the contest for I was pretty busy so I just diddnt find the time and energy for the competition. this month Ill try to give my best even tough it will be tough. The next obstacle beside the lack time is that I switched my cellphone from Ios to android and somehow Im not able to use the duca platform properly or it performs strange on my phone, however I missed quite a few pips by placing pending orders that somehow were eaten by the android robot and the…
DaytradeMillionaire's Blog
Still alive
Dear Readers the last few days I neglected my blog because I was very busy and simpy did not find the time for writing. Equity is still under 100k unforunatelly, but If my current open positions work out as "they should" I think I will go about brak even again. At the moment Im 24K short. Im expecting the Euro/Usd to bounce up tommorow therefore I shorted USD/CHF to maximize the profit (and the risk ofcourse). If I manage to reach 100+ k tommorow I will try to slowly go to 150k and during the n…
Fresh start
Now I feel ready for the next week, I will do my best to imrove my results and reach my weekly goals.. speaking of wich I just saw that my weekle retrospective doesnt show up in the feed even though it appears in the activity log. Im confused :/ but anyway if my post maybe diappeared I wrote that my equity target for the next week is 150k wich is a plus of 100K not easy but certainly doable. I forgot to mention the current standings in the article contest wich is going quite well this month I mu…
Weekly Retrospective
This week I wasnt able to reach the goals I set (or at least I wasnt able to keep the gained capital).For this month I have to place like 150 trades to get my performance stats "cleaned up" so I will not bother to set goals regarding that matter. Instead my main Target will be to use the reaming time to agressively take advantage of high probability trading setups in order to get back on the track. Once Im over 150 k I will again lower the risk tolerance and play it safe.
My goals for the next …
My goals for the next …
Oh boy...
As a result of yesturday frustration I did not cut the loosing trades placed after the equity-rollercoster and let them both trigger sl (one positions sl I did set tighter ). Now Im with a mere 50k in a delicate situation since there are 3 weeks to go and I have planty room to the top ( some 230k...) I like this new distance-to-leadership graph Dukascopy-team has put on the contest main site btw, its pretty encouraging. At least for me, some may find the distanceto the top disillusioning i …
Time is Money
The old saying is absolutely true, and today I was reminded how true it is. Unfortunately I qas quite busy today and could hardly check the market movement even though I know that big moves were ahead.. every one of my 5r open trades were in profit as I finaly grabed my phone to see how things are going the positions were exactly at their peak but ofcourse I just was to late to move all stops and protect capital and basicly watched the profits melting away like icecream on a hot summer day. I w…
Break Evan ahead
Today my usd-zar position finally reached near the entry and now Im expecting a further fall after a short rebounce. Eventually it should pay out. Im now 15 k away from the 100 K what makes me still optimistic even tough currently some of the top contestants have doubled their capital. Big decissions are ahead and big movements to profit from will follow, so as alway stay calm and take advantage of the opportunities when they show up. It would be great if i manage to go above the break even poi…
And Then There was Light
Today I finally seem to have started to climb out of the hole I was stuck in the last few trading days. As mentioned in the last post I did let emotions cloud my sight on the market and boom I took a hit. Now the good news is that my setup with the smaller positions Eurs/usd and Usd/chf went into profit and helped me to recover from the lossed i took in previous trades Im now 20k from the brakeven point of 100K. My win-loss ratio of 27% is embarassing but a miricle that I did survive since I clo…
Bad decissions
Today I did a cardinal mistake by shorting usd/zar and/usd/sek right after my privious position with usd/sek was stopped out. Perfect example of revenge trading, since I even raised the position size, Very unnecessary and dumb move that costed me over 30K so far. I didnt have the time nore the patience to make a reasonable decission at this moment it was realy stupid :/ now I will try to keep the damage as small as possible and maybe tighten the stot in order to have more free margin and get ri…
Busy bee
If weekends are for recreation then Im doing definitely something wrong I was quite productive ind private life as in contest matters. I finished my Article Contest post and hope that it woll be available soon for the readers, I think this one is realy somenthing for every trader that is passionate about trading and developing as a trader. Just one funny detail I spoted that already 2 other articles had the number 7 in their headline same as I do ^^ At least the topics are not the same Im r…